It's a type of permanent life insurance policy that guarantees your approval for coverage if you meet the age requirement for acceptance.
For instance, United of Omaha offers up to $25,000 of guaranteed acceptance permanent life insurance for people age 45 to 85 years old.
That means, you cannot be turned down, even if you have pre-existing health problems. There is no health exam required and no medical questions asked in order to buy life insurance with guaranteed approval.
These plans provide a death benefit, lifetime protection, and may build up some cash value inside the policy over time.
Here's how to buy guaranteed approval whole life insurance coverage.